Senior Pensions Relationship Management Consultant at Financial Services Regulatory Authority (FSRA) | Toronto | Rezi

Senior Pensions Relationship Management Consultant at Financial Services Regulatory Authority (FSRA)

Senior Pensions Relationship Management Consultant

Financial Services Regulatory Authority (FSRA) · Toronto

5 days ago

Senior Pensions Relationship Management Consultant

Financial Services Regulatory Authority (FSRA) · Toronto

5 days ago
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About the Role

Accountable for providing leadership and guidance to a team implementing relationship management strategies for Ontario registered pension plans. This role involves managing a diverse portfolio of pension plans, assessing compliance, administration, governance, and risk management practices, with a focus on asset transfer, plan wind-up, and surplus-related applications.

Responsibilities

  • Provides leadership and expertise to engage a diverse group of pension plans.
  • Formulates strategies, tactics, and approaches to identify and resolve plan administration and governance issues.
  • Leads engagements with plan administrators, sponsors, beneficiaries, unions, and their respective consultants, actuaries, and lawyers.
  • Works with pension stakeholders to resolve identified issues, ensuring the protection of pension plan beneficiaries and promoting good administration.
  • Provides expert advice on Ontario’s pension legislative framework and FSRA’s Pensions Guidance and policies.
  • Protects the benefits of plan beneficiaries by identifying plan-specific risks, including poor administration and governance factors.
  • Identifies emerging trends and risks in pension plans and across the pension sector.
  • Conducts analysis and prepares reports for the review of applications of asset transfers, surplus sharing agreements, and wind-ups.
  • Challenges and encourages pension plan sponsors and administrators to adopt appropriate best practices.
  • Leads and participates in strategic initiatives and projects, including conceptualization, development, and implementation.
  • Provides leadership and peer review to junior team members.
  • Works collaboratively with teams across Pensions, including multi-disciplinary project teams.
  • Exercises and implements appropriate FSRA statutory and regulatory powers to improve outcomes for pension plan beneficiaries.
  • Leads the team in the review and evaluation of pension legislation, policies, and guidelines.
  • Coordinates recommendations and suggestions for senior management review.
  • Prepares reports for senior management.

Requirements

  • Degree in business, finance, actuarial science, accounting, auditing, mathematics, or a related field or a professional designation.
  • Minimum of 7–10 years of pension-related industry experience.
  • Understanding of the financial, actuarial, and operational aspects of pension plans.
  • Experience in risk management and pension regulatory review principles and methods.
  • Experience in managing pension plans in distress, companies in financial difficulty, or similar recovery and restructuring situations and PBGF claims.
  • Demonstrated knowledge of structures, operations, programs, and products of the financial services sectors.
  • Experience in effective stakeholder management with diverse and conflicting mandates and objectives.
  • Excellence in negotiation to achieve mutually beneficial outcomes.

Skills

  • Demonstrated knowledge of pension plan administration principles and processes.
  • Demonstrated knowledge of pension governance and pension risk management.
  • Demonstrated knowledge of the Pension Benefits Act and regulations and pension legislation of the federal government and other provincial jurisdictions.
  • Demonstrated knowledge of general pension industry and pension plan regulation and design issues and trends.
  • General knowledge of the concept of principles-based regulation.
  • Proven ability to drive and champion change for new approaches, best practices, systems, and standards.
  • Proven analytical and problem-solving skills.
  • Proven project management and technical leadership skills.
  • Proven ability to work collaboratively in a matrixed environment.
  • Proven oral and written communications skills.
  • Proven interpersonal and influencing skills.

Location

  • Ontario

Work Type

  • Fixed Term
  • Full-time

Experience Level

  • 7-10 years

Education Level

  • Degree in business, finance, actuarial science, accounting, auditing, mathematics, or a related field or a professional designation.

Salary/Compensations

  • $92,976.00 - $135,136.00

Benefits

  • Employer-matched defined benefit pension plan
  • Comprehensive and competitive benefits plan
  • Investment in personal and professional growth
  • Prioritization of learning and development
  • Prioritization of wellbeing
  • Prioritization of diversity, equity, inclusion and belonging
  • Prioritization of community giving

About the Company

  • FSRA's vision is to ensure financial safety, fairness, and choice for Ontarians.
  • As a financial services regulator, FSRA is passionate about protecting consumers.
  • FSRA's principles-based approach allows for quick and effective response to the changing needs of consumers and the industry.
  • The team combines industry expertise with a commitment to public service.
  • FSRA attracts individuals interested in meaningful work who measure success through outcomes.

Equal Opportunity

  • FSRA is committed to ensuring equity in employment.
  • The goal is to create a diverse, inclusive workforce that reflects the communities served.
  • Services and communications are designed to be accessible to all individuals.
  • Accommodation is available under the Ontario Human Rights Code.